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Privatization is the process by which public services, such as utilities and transportation, are transferred from public to private ownership and control. It is a controversial political issue and has been the subject of much debate in recent years. In this section, you will find news, articles, and videos about privatisation, its advantages and disadvantages, and its effects on different sectors.
From The Guardian Among many other challenges in dealing with the failure of urban policy in Australia, the Minns (NSW state) government is faced with the task of renegotiating, or repudiating, the disastrous set of contracts for toll roads in New South Wales made by its predecessors (Labor and Liberal) with the Transurban group. As…
In December 2021, the Union Cabinet approved the privatisation plans for RINL, giving a nod for the 100 per cent strategic disinvestment of the company. However, the process has been stalled since then due to the opposition of the Andhra Pradesh government led by the YSRCP.
The African National Congress no longer regards privatisation as a “swear word” and has accepted that “bringing private sector money on board is not selling your soul”, said South Africa’s deputy president Paul Mashatile. In an interview with the Financial Times at the end of a week-long investor roadshow to Britain and Ireland, Mashatile said […]
In a recent discussion, Union Finance Minister Nirmala Sitharaman emphasised that no sector is off-limits for private business in India. Highlighting reforms under Prime Minister Modi, she stated that privatisation and ease of doing business have been prioritized to eliminate red tape and corruption.
The Air India Group completed the operational integration and legal merger between Air India and Vistara, creating a full-service carrier of scale and marking a significant milestone in the post-privatisation transformation journey. Get more Aviation News and Business News on Zee Business.